Cyber Security | Blo...ย โขย 5m
Making money in a business is not just by selling your product only... (Yes). we have 27 other ways to do so. Sometimes.... You have to stop thinking about just selling your product, real money comes from the strategy. In service based companies you earn the money from deposits, memberships and referral commissions. But In sales, you profit from financial deal, ongoing fees and controlling the supply chain. bored and just not understood how this applies in the real world?. The Story of Amazon vs. Shopify In the early 2000s, Amazon was already a giant in e-commerce, selling everything from books to electronics. Most people thought Amazon made money just by selling products. But Jeff Bezos had a bigger planโhe focused on strategy, not just sales. Instead of depending only on product profits, Amazon built Amazon Prime (a membership service), Amazon Web Services (a recurring service platform), and an affiliate program (referrals). Now, even if you donโt buy anything on Amazon, you might still be paying them monthly for Prime or using their cloud services through AWSโwhich power companies like Netflix! Now letโs contrast that with Shopify, a service-based company. They donโt sell products themselves. Instead, they provide tools for other people to set up online stores. Shopify earns money through subscriptions, payment processing fees, and app store commissions (like memberships and referral commissions). They donโt need to control the supply chain like Amazon, but they still rake in millions by offering a platform. --- Moral of the story? Success isn't always about selling a product. It's about building a smart money strategy around the business modelโwhether it's memberships, referrals, financial leverage, or supply control.
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FED KIITย โขย 1y
Newbie Startup Enthusiast? Well I don't want you to confuse GTM with Marketing Strategy so here's the thingโ GTM or Go-to-market Strategy focuses on how a new product or service is launched in the market and achieve a competitive advantage. It can i
See MoreEntrepreneur & Creat...ย โขย 6m
Building an Unstoppable Business? Focus on Operational Efficiency! ๐ Amazon, Tesla and McDonald's have mastered streamlined processes to deliver maximum value whether itโs supply chains, manufacturing or fast food service. Efficiency creates a stro
See MoreHey I am on Medialย โขย 1y
Wants to start some business on online basis like reselling on online market places. Can anyone suggest me. I have 3 years of experience in selling online currently selling but not satisfied with the product and profit. Expert in Amazon, Flipkart a
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